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Top 10 Car Company Stocks to Invest In
In this article we discuss the top 10 car company stocks to invest in. You can skip our discussion of the automotive industry outlook and some highlights of Lucid Motors CEO’s recent interview and go directly to Top 5 Car Company Stocks To Invest In.
Car company stocks took a beating in 2020 amid falling auto sales in the U.S. and abroad following the coronavirus crisis. However, analysts believe that industry is ripe for investment in 2021 as consumer spending begins to come back to normal levels. The automotive sector is also undergoing key changes that will make the industry grow faster. Riding this tide of change are innovative, futuristic car companies that are posing a serious challenge to big players like Ford and General Motors. One such promising company is luxury EV maker Lucid Motors, which plans to merge with special purpose acquisition company Churchill Capital Corp IV (CCIV) to go public. Lucid Motors is reportedly valued at a
NGT News
December 22, 2020
Peterbilt Model 520EVs sold to customers in California are eligible for a $150,000 HVIP voucher. Customers and their participating dealers must meet all applicable project requirements identified in the HVIP Implementation Manual to receive a voucher.
“With the addition of the Model 520EV to the CARB HVIP Voucher program, all three Peterbilt battery-electric commercial vehicles sold in California are eligible for HVIP vouchers,” says Jason Skoog, general manager of Peterbilt and vice president of PACCAR. “This should dramatically help reduce purchasing costs for California-based companies looking to add Peterbilt EVs to their fleet.”
The Model 520EV is available for customer orders with deliveries expected to start in 2021.
A regulatory framework for electric-powered trucks has begun to emerge, primarily at the state level.
In June, California’s Air Resources Board approved the state’s Advanced Clean Trucks regulation, which mandates that 5% of all Classes 7-8 tractors sold be zero-emission vehicles starting in 2024. That percentage increases with each new model year, rising to 40% by 2032. The rule also includes rising zero-emission sales mandates for light-duty commercial vehicles and medium- and heavy-duty straight trucks.
California also is one of 15 states, plus the District of Columbia, that has signed an agreement to work together to advance the electric truck market, with a goal of achieving 100% zero-emission medium- and heavy-duty truck sales by 2050.